Business
Desenio Group AB (publ) – Quarterly Report January – March 2025
Desenio Group AB (publ) – Quarterly Report January – March
About this update from Desenio Group Ab
[{"type":"text","content":"During Q1, net sales decreased by 10.0% to SEK 206 million while the adjusted EBITA margin increased to 10.4% (9.7%). Cash flow from operating activities was SEK -32.8 (-19.1) million. Operating cash flow adjusted for bond restructuring was SEK -17.7 (-19.1) million.FIRST QUARTERNet sales decreased by 10.0% to SEK 206.0 (228.9) million.Gross margin for the quarter was 83.7% (83.8%) and 84.8% adjusted for warehouse consolidation.Adjusted EBITA was SEK 21.5 million (22.2), corresponding to an adjusted EBITA margin of 10.4% (9.7%).Operating profit (EBIT) amounted to SEK -6.9 (19.0) million, corresponding to an operating margin of -3.4% (8.3%).Profit before tax was SEK -20.2 (-3.9) million.Cash flow from operating activities amounted to SEK -32.8 (-19.1) million.Earnings per share was SEK -0.04 (-0.05).Significant events during and after the periodOn March 4, an extraordinary general meeting of Desenio Group resolved on and on March 21, a restructuring of Desenio's bonds and capital structure was completed. The restructuring included a 75% write-down of the bond and a debt-for-equity swap through a set-off issue of shares and led to a dilution effect of 95% for existing shareholders. On April 23, an extraordinary general meeting of Desenio Group decided to dismiss the previous board and elect four new board members. WebcastA webcast - in English – will be held April 30 at 10.00 CEST. Fredrik Palm, CEO, and Johan Roslund, CFO, will present the Q1-Report. If you wish to participate via webcast please use the link below. Via the webcast you are able to ask written questions. https://desenio-group.events.inderes.com/q1-report-2025/registerIf you wish to participate via teleconference, please register on the link: https://events.inderes.com/desenio-group/q1-report-2025/dial-inFinancial reportsThe interim reports are available on the website: www.deseniogroup.comFor further information, please contact:Fredrik Palm, CEO, [email protected], +46 70 080 76 37Johan Roslund, CFO, [email protected], +46 73 744 60 87Johan Hähnel, Head of IR, [email protected], +46 706 05 63 34About Desenio GroupDesenio Group is the leading e-commerce company within affordable wall art in Europe, with a growing presence in North America. We offer our customers a unique and curated assortment of about 9,000 d...